Brokerages Set Groupon, Inc. (NASDAQ:GRPN) PT at $12.10

Shares of Groupon, Inc. (NASDAQ:GRPN – Get Rating) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.10.

A number of research analysts recently commented on the company. Barclays reduced their price target on Groupon from $6.00 to $4.00 in a report on Friday. Credit Suisse Group cut their price target on Groupon from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday. Finally, StockNews.com assumed coverage on Groupon in a report on Thursday. They issued a “sell” rating on the stock.

Insider Activity at Groupon

In related news, Director Jan Barta acquired 6,716,966 shares of Groupon stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average cost of $7.28 per share, with a total value of $48,899,512.48. Following the purchase, the director now directly owns 6,716,966 shares in the company, valued at approximately $48,899,512.48. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 15.90% of the stock is owned by insiders.

Institutional Trading of Groupon

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Groupon by 303.9% during the third quarter. Tower Research Capital LLC TRC now owns 5,990 shares of the coupon company’s stock valued at $48,000 after purchasing an additional 4,507 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Groupon during the first quarter valued at about $50,000. Quantbot Technologies LP bought a new position in Groupon during the first quarter valued at about $55,000. Chicago Capital LLC bought a new position in Groupon during the fourth quarter valued at about $86,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Groupon by 723.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,482 shares of the coupon company’s stock valued at $99,000 after buying an additional 10,967 shares in the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $4.09 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.77 and a current ratio of 0.77. Groupon has a 12 month low of $3.85 and a 12 month high of $21.17. The business has a 50-day moving average of $7.45 and a two-hundred day moving average of $8.10.

About Groupon

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Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.